Benchmark Computer IPO vs Paragon Fine IPO

Comparison between Benchmark Computer IPO and Paragon Fine IPO.

IPO Details

Benchmark Computer IPO is a SME Bookbuilding IPO proposed to list at BSE SME while Paragon Fine IPO is a SME Bookbuilding proposed to list at NSE SME.

	Benchmark Computer IPO	Paragon Fine IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Fixed Price	Bookbuilding
Listing At	BSE SME	NSE SME
Lead Managers	Beeline Capital Advisors Pvt.Ltd.	Hem Securities Ltd.
Registrar	Kfin Technologies Ltd.	Bigshare Services Pvt.Ltd.
Market Maker	Spread X Securities Pvt.Ltd.	Hem Finlease Pvt.Ltd.
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor		Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of Benchmark Computer IPO is up to ₹11.60 Cr whereas the issue size of the Paragon Fine IPO is up to ₹49.04 Cr. The final issue price of Benchmark Computer IPO is ₹66.00 per share and of Paragon Fine IPO is ₹100.00 per share.

	Benchmark Computer IPO	Paragon Fine IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)		₹95.00 per share
Issue Price (Upper)		₹100.00 per share
Issue Price (Final)	₹66.00 per share	₹100.00 per share
Discount (Retail)	₹0.00 per share	₹0.00 per share
Discount (Employee)
Market Lot Size	2000 shares	1200 shares
Fresh Issue Size	17,58,000 shares	49,04,400 shares
Fresh Issue Size (Amount)	up to ₹11.60 Cr	up to ₹49.04 Cr
OFS Issue Size	0 shares	0 shares
OFS Issue Size (Amount)	up to ₹0.00 Cr	up to ₹0.00 Cr
Issue Size Total	17,58,000 shares	49,04,400 shares
Issue Size Total (Amount)	up to ₹11.60 Cr	up to ₹49.04 Cr

IPO Timetable

Benchmark Computer IPO opens on Dec 14, 2023, while Paragon Fine IPO opens on Oct 26, 2023. The closing date of Benchmark Computer IPO and Paragon Fine IPO is Dec 18, 2023, and Oct 30, 2023, respectively.

	Benchmark Computer IPO	Paragon Fine IPO
Anchor Bid Date		Oct 25, 2023
Issue Open	Dec 14, 2023	Oct 26, 2023
Issue Close	Dec 18, 2023	Oct 30, 2023
Basis Of Allotment (Tentative)	Dec 19, 2023	Nov 02, 2023
Initiation of Refunds (Tentative)	Dec 20, 2023	Nov 03, 2023
Credit of Share (Tentative)	Dec 20, 2023	Nov 06, 2023
Listing date (Tentative)	Dec 21, 2023	Nov 03, 2023
Anchor Lockin End date 1		Dec 02, 2023
Anchor Lockin End date 2		Jan 31, 2024

Financials & KPIs

Benchmark Computer IPO P/E ratio is 16.3, as compared to Paragon Fine IPO P/E ratio of 14.56.

Benchmark Computer IPO

Paragon Fine IPO

Financials

Benchmark Computer Solutions Limited Financial Information (Restated)

Benchmark Computer Solutions Limited's revenue increased by 70.21% and profit after tax (PAT) rose by 145.43% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	30 Sep 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	2,273.87	2,443.78	1,797.39	1,598.29
Total Income	1,322.52	3,241.49	1,904.38	1,508.39
Profit After Tax	95.67	202.87	82.66	96.77
Net Worth	1,385.18	1,289.51	1,086.64	1,000.92
Reserves and Surplus	884.18	1,288.51	1,085.64	999.92
Total Borrowing	524.84	553.07	434.68	413.13
Amount in ₹ Lakhs

Paragon Fine And Speciality Chemicals Limited Financial Information (Restated)

Paragon Fine And Speciality Chemicals Limited's revenue increased by 24.16% and profit after tax (PAT) rose by 120.3% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	30 Jun 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	7,412.19	7,097.84	5,750.53	4,983.26
Total Income	2,900.43	10,501.19	8,457.92	8,436.94
Profit After Tax	362.16	989.21	449.02	439.77
Net Worth	2,595.67	2,233.52	1,244.31	795.29
Reserves and Surplus	2,235.67	1,873.52	1,234.31	785.29
Total Borrowing	2,709.67	2,521.03	2,068.16	2,193.00
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

100

Promoter Shareholding (Post-Issue)

72.27

73.60

P/E Ratio

16.3

14.56

Market Cap

₹45.30 Cr.

₹195.66 Cr.

ROE

17.08%

56.89%

ROCE

18.88%

38.86%

Debt/Equity

0.43

EPS

₹4.05

₹6.87

RoNW

15.73%

44.29

Shares Offered

In the Benchmark Computer IPO Retail Individual Investors (RII) are offered 8,80,000 shares while in Paragon Fine IPO retail investors are offered 8,80,000 shares. Qualified Institutional Buyers (QIB) are offered in Benchmark Computer IPO and 9,81,600 shares in Paragon Fine IPO.

	Benchmark Computer IPO	Paragon Fine IPO
Anchor Investor Reserveration		14,70,000 shares
Market Maker Reserveration	96,000 shares	2,61,600 shares
QIB		9,81,600 shares
NII	8,78,000 shares	7,35,600 shares
RII	8,80,000 shares	17,17,200 shares
Employee
Others
Total	17,58,000 shares	49,04,400 shares

Bids Received (Subscription)

Benchmark Computer IPO subscribed 484.49x in total, whereas Paragon Fine IPO subscribed 205.74x.

	Benchmark Computer IPO	Paragon Fine IPO
QIB (times)		81.38x
NII (times)	357.89x	419.46x
Big NII (times)
Small NII (times)
RII (times)	590.26x	185.28x
Employee (times)
Other (times)
Total (times)	484.49x	205.74x

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